The AAII Los Angeles Chapter presents...

Do you want the real lowdown on municipal bonds? Greg Morel, an expert on municipal bonds, will present an open forum discussion focusing on what most investors feel are pressing topics regarding investing in fixed income. Topics will include: interest rates, strategies to navigate the current environment, insight into how the municipal market trades, credit quality fears and dispelling common myths of municipals. For more information see http://www.bellehaven.com.

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How and why the stock market is not efficient

Why trends are real

How to choose which trends and indicators to follow

"Diversification Heresy: Breaking Through the Efficient Frontier"

Discussed by:Scott JudsPresident and CEO, SumGrowth Strategies, LLC

Modern portfolio theory teaches us to "diversify and rebalance," which inherently produces average performance. Why not change the game? Trends in the stock market are real. Markets are not efficient. Risk and return are not mutually exclusive. You can follow the trend. But which trend is your friend? They are not all the same. Learn how to use SectorSurfer's algorithm to build great portfolios. For more information see http://www.sumgrowth.com .

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Which of the four likely world scenarios to the year 2030 will be favorable for the U.S.

Which investment sectors are expected to experience the greatest growth over the next seven years and why

Pasadena Group Ivan Wong, IWong82762@aol.com, 626/446-2486 Date/Time: The third Thursday of the month, 7:00?9:00 p.m. No meeting in August or December. Location: Pasadena Main Public Library, 285 East Walnut St., one block south of the 210 Freeway and two blocks east of Marengo St. Speaker: TBD

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